Income Taxes (Tables)

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Effective Tax Rate Reconciliation

Effective Tax Rate Reconciliation

	First Quarter
	2016			2015
	(in millions)
Expected tax provision (benefit) at statutory rates in taxable jurisdictions	$	18		$	77
Tax-exempt interest	(13		)	(14		)
Change in liability for uncertain tax positions	0			1
Other	1			1
Total provision (benefit) for income taxes	$	6		$	65
Effective tax rate	10.0		%	24.2		%

Pretax Income (Loss) by Tax Jurisdiction

Pretax Income (Loss) by Tax Jurisdiction

	First Quarter
	2016			2015
	(in millions)
United States	$	55		$	223
Bermuda	17			50
U.K.	(7		)	(7		)
Total	$	65		$	266

Revenue by Tax Jurisdiction

Revenue by Tax Jurisdiction

	First Quarter
	2016			2015
	(in millions)
United States	$	205		$	300
Bermuda	42			73
U.K.	(2		)	(4		)
Total	$	245		$	369